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Forex Discussions
Fundamental Analysis
AceTraderFx: Intra-Day Market Moving News and Views
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[QUOTE="AceTRaderForex, post: 189892, member: 22847"] [B]AceTraderFx[COLOR="darkred"] [B]Jan 08[/B]:[B] [/B][/COLOR] Intra-Day News and Views & data to be released today – EUR/USD Intra-Day Market Moving News and View[/B] Update Time[B]: 08 Jan 2021 [/B][I]05:30GMT[/I] EUR/USD - 1.2260... The single currency met renewed selling at 1.2345 in Asia yesterday and tumbled to 1.2246 in European morning on usd's broad-based strength before staging a rebound to 1.2282 in New York morning only to fall again to 1.2236 in Asian morning today. However, lack of follow-through buying triggered short-covering and price recovered to 1.2264. Euro's intra-day brief break of yesterday's low at 1.2246 to 1.2236 suggests corrective decline from Wednesday's 2-1/2 year peak at 1.2349 has once again resumed and current rebound would yield range trading before prospect of another fall. Offers are now raised to 1.2280/90 with stops building up above there whilst initial bids are noted at 1.2190/00. There is a slew of data to be released from eurozone today and one should pay particular attention to release of EU unemployment rate at 09:00GMT. Street forecast is 8.5% vs previous reading of 8.4%. [/QUOTE]
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